Ball Stock Price, News & Analysis

Ball Corporation announced its rejection of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 2 million shares at $65.25 each, which is 1.9% below the market price of $66.53 as of June 14, 2022. The company advised shareholders against tendering their shares, highlighting the offer's below-market value. Ball emphasized it is not affiliated with TRC and urged shareholders to withdraw any shares already tendered. The SEC has warned investors about below-market mini-tender offers, advising caution.

On June 14, 2022, Ball Aerospace completed the critical design review (CDR) for NOAA's SWFO-L1 spacecraft. This spacecraft, expected to launch in 2025, will collect solar wind data to help forecast solar storm impacts. Ball's involvement includes production, integration, testing, and operational support for the satellite. The SWFO-L1 project builds on previous successes in weather monitoring technologies.

Dr. Makenzie Lystrup highlighted the spacecraft's significance in mitigating the effects of solar events on infrastructure and economy.

Ball Corporation (NYSE: BALL) announced its rejection of an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 2 million shares at $70.50 each, representing a 2.9% discount from the recent market price of $72.51. Ball advises shareholders not to tender shares due to the below-market offer and emphasizes that they are not associated with TRC. Shareholders are encouraged to consult their brokers and may withdraw shares already tendered. The SEC warns investors about such offers that may take advantage of unaware shareholders.

Ball Corporation and Novelis have joined the World Economic Forum's First Movers Coalition, aiming to enhance circularity within the aluminum industry. Both companies plan to purchase 10% of primary aluminum with near-zero carbon emissions by 2030 and ensure at least 50% of their aluminum is sourced from recycled materials by the same year. The commitment aligns with the initiative to decarbonize industrial sectors contributing 30% of global emissions, with aluminum alone accounting for 2%. Ball aims for 85% recycled content in its beverage packaging by 2030.

Manna Capital Partners and Ball Corporation have formed an alliance to establish an aluminum can sheet rolling mill and recycling center in Los Lunas, New Mexico. This partnership aims to enhance the domestic supply chain for aluminum beverage packaging, which is projected to see a significant uptick in demand by 2030. Ball will secure a long-term supply agreement and a minority equity position in the mill. The collaboration is expected to create skilled jobs and help meet sustainability goals by increasing recycled content in products.

Ball Corporation has signed a virtual power purchase agreement to acquire 151 megawatts of wind energy from NextEra Energy Resources, aimed at reducing greenhouse gas emissions by approximately 30%. This project will generate 600,000 megawatt hours of clean energy annually, covering nearly half of Ball's North American manufacturing facilities' electricity needs. By 2024, the company expects to be 65% towards its goal of sourcing 100% renewable electricity globally by 2030. The initiative marks a significant step in Ball's sustainability strategy, supporting its net-zero emissions target before 2050.

Ball Corporation (NYSE: BLL) has announced a $300 million stock buyback agreement through an accelerated repurchase transaction with Mizuho Markets Americas LLC. This initiative will retire about 4.3 million shares, with an additional 21 million shares available for repurchase. The buyback aligns with the company's strategy to enhance shareholder value through stock repurchases and dividends. Notably, the company's stock ticker will change from BLL to BALL effective May 10, 2022.

Ball Corporation (NYSE: BLL) will present at the 2022 Goldman Sachs Industrials and Materials Conference on May 12, 2022, at 2:40 p.m. Eastern Time. CEO Dan Fisher is set to provide insights to the investment community via a live webcast. Investors can access the presentation link and also find a replay available for 30 days afterward on the company's investor website. Ball Corporation is a leading supplier of aluminum packaging, reporting 2021 net sales of $13.8 billion and employing approximately 24,300 people globally.

Ball Corporation (NYSE: BLL) reported strong Q1 2022 results with U.S. GAAP earnings per diluted share at $1.37, significantly up from 60 cents in 2021. Comparable earnings rose 7% to 77 cents, driven by a 10% increase in beverage can shipments. Aerospace backlog reached $3.2 billion, up 28% from year-end 2021. The company plans to return up to $1.75 billion to shareholders and invest $1.8 billion in capital expenditures. Notably, Ball announced the exit from Russia amidst ongoing humanitarian efforts in Ukraine.